Dave & Buster's Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is expected to report a Q3 loss of 12 cents per share compared to last year's earnings of 4 cents per share, with projected revenue of $472.25 million. The company previously reported weaker-than-expected Q2 sales. Shares fell 1.1% to $42.67. Analysts have recently adjusted their price targets and ratings: UBS (Neutral, $43), Truist Securities (Buy, $57), BMO Capital (Outperform, $55), Raymond James (Outperform, $55), and Piper Sandler (Overweight, $56).
December 05, 2023 | 11:08 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dave & Buster's is anticipated to report a Q3 loss, which contrasts with the profit from the same quarter last year. Analysts have revised price targets downward, reflecting potential concerns about the company's performance.
The expected Q3 loss and the recent downward revisions in price targets by analysts suggest a bearish outlook for PLAY in the short term. The stock price has already reacted with a slight decline, indicating market concern.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100